Latticework Capital Management Invests in First Medical Associates
June 24, 2025
Latticework Capital Management announced a strategic investment to acquire First Medical Associates, a Germantown, Maryland-based primary care provider with eleven clinics. Funds managed by PennantPark Investment Advisers provided debt financing to support the acquisition, and Latticework will partner with founder Dr. Rakesh Malik to scale the business via geographic expansion and add-on growth.
- Buyers
- Latticework Capital Management, Funds managed by PennantPark Investment Advisers, LLC
- Targets
- First Medical Associates
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Transaction Type
- Buyout
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